Federal Council rejects mining referendum in Colombian town

Colombia’s State Council revoked a provincial judgment that allowed for a mining referendum in the municipality of Une, located in the central Cundinamarca state. According to W Radio, the council endorsed a plea introduced by mining workers against a ruling...

/ April 26, 2018

Brazil's Vale 1st-qtr profit slumps by a third as costs rise

Vale SA, the world’s largest iron ore producer, posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier, missing estimates, as costs rose and iron ore prices slipped, results showed on Wednesday. In a...

/ April 26, 2018

Minotaur and Andromeda form star alliance

Minotaur Exploration (ASX: MEP) announced today that it has signed a binding Heads of Agreement with Andromeda Metals (ASX: ADN), according to which the latter may earn up to 75 per cent interest in Minotaur’s kaolin-halloysite deposits in South Australia...

/ April 26, 2018

Southern Copper says legal dispute over Peru's Tia Maria resolved

Southern Copper Corp’s chief executive said on Wednesday it had reached a settlement with a company in Peru that blocked development of its $1.4 billion Tia Maria project with a legal injunction. Southern Copper’s Oscar Gonzalez told Reuters he hoped...

/ April 26, 2018

Canada's First Cobalt eager for more after U.S. Cobalt buy

Canada’s First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said. Expectations of soaring demand for cobalt because of its use...

/ April 26, 2018

Australian gold miner Newcrest downgrades full-year production forecast

Australia’s biggest gold miner Newcrest Mining Ltd on Thursday cut its full year production forecast, while reporting a fall in third-quarter production. Newcrest now expects production of 2.25-2.35 million ounces of gold for the full-year ending June 30, down from...

/ April 26, 2018

Lower copper grades take toll on Antofagasta first quarter output

Shares in Chilean miner Antofagasta Plc. (LON:ANTO) dove Wednesday after the company reported marked drops copper and gold production during the first quarter of the year, due mostly to lower quality ore. Miner said it had expected to begin the year...

/ April 26, 2018

Fate of Centerra mine not sealed as Kyrgyz-owned company yet to see takeover bid

Kyrgyz state-owned gold miner Kyrgyzaltyn said Wednesday it has yet to see an offer by Chaarat Gold Holdings to acquire Centerra Gold’s Kumtor mine, which is the Central Asian nation’s largest gold operation. Speaking to Reuters, Kyrgyzaltyn chief executive Bektur...

/ April 26, 2018

Gold Fields' quarterly output falls, South Deep woes rumble on

South Africa’s Gold Fields reported lower production for the March quarter and flagged more challenges at its problematic South Deep mine on Wednesday, sending its share price sharply lower. South Deep, the company’s last South African asset, has faced numerous...

/ April 26, 2018

Pangolin finds first diamond at Jwaneng project in Botswana

Canada’s Pangolin Diamonds (TSX-V:PAN) has found its first diamond at the Jwaneng South Project in Botswana, which is located about 100 km south of the Jwaneng diamond mine, the world’s richest. Pangolin is led by Leon Daniels, the same geologist...

/ April 25, 2018

Union at BHP's Escondida copper mine in Chile says no advance deal likely

SANTIAGO, April 24 (Reuters) – The union of workers at BHP’s Escondida copper mine in Chile, the world’s largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it “highly likely” that...

/ April 25, 2018

Spanish activists reject reopening of Los Frailes mine

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place. Greenpeace, WWF, SEO/BirdLife,...

/ April 25, 2018